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AIB review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Irish retail banks, run by Allied Irish Banks, p.l.c. and supervised by the Central Bank of Ireland, suit people who want a supervised home for their money with EU deposit guarantee cover. The online saver pays 3% at a variable rate on an easy access basis.

Key facts

Best for
A current account with a linked saver and deposit cover for readers who put protection ahead of a lower monthly fee.
Monthly fee
€6↗
Deposit protection
EU DGS up to EUR 100,000↗
Currency conversion fee
3.5%↗
Currencies
26↗
Local account details
IBAN↗
Transfer fee
International transfers available in major currencies; charges apply separately↗
Legal entity
Allied Irish Banks, p.l.c.↗
Headquarters
Ireland↗
Founded
1966↗
Support channels
Phone, Chat, Help-centre↗
Pricing model
No monthly fee
Features
Digital-only
Official website
aib.ie

Savings

Headline rate
3%↗
Rate type
Variable↗
Minimum deposit
€10↗
Access terms
Instant access; savings can be moved to a current or demand deposit account anytime↗
Account kind
Easy access↗

Money transfer

Delivery time
Instant: within seconds; standard: same or next business day (2-4 business days for EEA currency payments to EEA countries)↗
Payout methods
Bank↗
Fee to send 1,000
€0↗

Facts checked September 26, 2026, 9 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Deposits sit under the EU deposit guarantee scheme, with protection listed as EU DGS up to EUR 100,000, and the Central Bank of Ireland is the regulator.
  • International payments cover 26 currencies, with instant transfers landing within seconds and standard transfers on the same or next business day.
  • The online saver pays 3% at a variable rate from a minimum deposit of €10, and savings can move to a current or demand account at any time.
  • Support runs on phone, chat and help centre, so help is available without relying on a single channel.

Cons

  • The personal fee schedule lists a monthly fee of €6 for the accounts it covers, against a site median of €0.
  • Currency conversion costs 3.5%, above the site median of 0.5% and the online bank upper quartile of 2%.
  • The current account is digital only, which leaves readers who prefer counter service looking elsewhere.
AIB

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Scored 9.0 / 10 by VaultCue.

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Who it suits

  • Readers who want a supervised Irish bank with EU deposit guarantee cover on their savings.
  • People who hold euros and pay bills in Ireland but need a broad currency list for trips or family abroad.
  • Savers who want instant access to their money rather than a fixed term.

Who should look elsewhere

  • Anyone unwilling to pay a monthly charge: Varo Visa Debit Card lists a monthly fee of $0.
  • Readers who want a different provider entirely can start with Bit2Me, where the monthly fee is €0.
  • Cost-sensitive shoppers outside Irish retail banking may prefer Crezu ES, at a monthly fee of €0.

Rates and terms

The online saver pays 3% at a variable rate. A variable rate follows the market rather than locking in a return for a fixed term, so the headline figure can rise or fall over the year. Readers comparing savings should treat 3% as a starting point, then check whether a fixed rate would suit the money better.

Who runs it

The provider is Allied Irish Banks, p.l.c., based in Ireland and founded in 1966, with the Central Bank of Ireland as regulator. That same entity sits behind the current account, the online saver and the international payment service, so one relationship covers everyday spending and savings. Support runs on phone, chat and help centre, so help is available by phone, by chat and through a help centre.

How AIB compares

Where AIB is available

Available
Ireland
Licence in Ireland
Central Bank of Ireland, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to run an account here?+

Costs come in separate parts. The personal accounts fee schedule lists a monthly fee of €6, while the current account is described as no monthly fee. Currency conversion adds 3.5% on top, which is the number that matters for anyone spending abroad.

Is my money protected?+

Deposits are eligible for the EU deposit guarantee scheme, with protection listed as EU DGS up to EUR 100,000. The provider is Allied Irish Banks, p.l.c. and the regulator is the Central Bank of Ireland, so the money sits with a supervised bank rather than an intermediary.

What does the online saver pay and what do I need to open it?+

The online saver pays 3% at a variable rate and is an easy access product, which means savings can move to a current or demand deposit account at any time. The minimum deposit is €10.

Can I send money abroad and how quickly does it arrive?+

International payments cover 26 currencies and can arrive within seconds when sent as instant transfers. Standard transfers land on the same or next business day, though euro payments to EEA countries can take longer. Payouts run to bank accounts.

What do international transfers cost?+

International transaction charges are listed at €0, and separate fees still apply to certain transfers, so the total depends on the route and the currency. Currency conversion itself costs 3.5%, which makes frequent foreign spending add up quickly.

How do I get help when something goes wrong?+

Support runs on phone, chat and help centre, covering phone, chat and a help centre, so a question can go to whichever channel suits the moment. The current account is digital only, so day to day tasks sit in the apps and online, with a phone call kept for the harder cases.

Who does this account suit?+

It suits people living in Ireland who want a current account, a saver and international transfers from the same provider. Local account details are iban, which suits anyone paid into it from an Irish or euro area transfer.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type.

AIB

AIB

A current account with a linked saver and deposit cover for readers who put protection ahead of a lower monthly fee.

9.0/10See alternatives